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Reuters
Published
Sep 14, 2009
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Coldwater Creek CEO quits, chairman named new CEO

By
Reuters
Published
Sep 14, 2009

Sept 14 (Reuters) - Women's apparel retailer Coldwater Creek Inc (CWTR.O) said its Chief Executive Daniel Griesemer has resigned and brought back co-founder and Chairman Dennis Pence as chief executive effective immediately.


Photo: www.coldwatercreek.com

Pence served as chief executive of Coldwater Creek from 1984 to 2000 and from 2002 to October 2007, the company said in a statement.

Griesemer has also resigned from his position as director and president of the company, Coldwater said.

Shares of the Sandpoint, Idaho-based company were down 10 percent in before the bell Monday 14 September. They closed at $7.31 Friday 11 September on Nasdaq. (Reporting by Abhishek Takle in Bangalore; Editing by Unnikrishnan Nair)

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